I won't complain one bit, but the cynic in me reckons that this morning's announcement is not in character and on the verge of ramping.
Past announcements have been matter-of-fact and based on drill results. The language has been taken up 10 notches, and is only based on visuals.
Also as the directors no doubt had a hand in the 10m shares crossed last week, they must be trying hard to show value, which I suppose they have with the 25% increase since then
So I won't complain if it drives the price up, but I think we're seeing a change in strategy.
UMC Price at posting:
$1.25 Sentiment: Buy Disclosure: Held